Why you should ignore investment advice from friends and family

THE ECONOMIC TIMES Tue, Aug 01, 2017 | 06:33 AM IST ET Wealth Newsletter

WHAT'S HOT #Tax Filing, #RERA, #sukanya samriddhi yojana calculator, #income tax,#tax filing,#critical illness,#taking a personal loan,#tax saving

Why you should ignore investment advice from friends and family Several studies in the field of behavioural finance show that peers can influence our asset-buying decisions. Free advice can do more harm than good. How to file income tax return for FY2016-17 From checking Form 16 to calculating taxable income, here is all the information you need to file your income tax return for FY2016-17 Filed your income tax returns? Tax notices that you may get and how to deal with it Here are some sections of the IT Act under which you can get a tax notice. ET Wealth tells you what to do if you get one. The best investment advice in 87 words Savers who don't understand investing don't know how to tell good advice from bad. So why not listen to a cartoonist for a change. From our Partners Leadership 2.0- Sculpting leaders of tomorrow for a new financial paradigm The Financial Sector needs new leaders! From our Partners Have Rs. 500 in your Account; Invest in Mutual Funds now with ET Money A complete investing solution for smarter generation; Invest in Mutual Funds, Manage Expenses & Buy Insurance online Will metal company stocks continue to outperform? The Nifty Metals Index has surged 11.6%, even as the Nifty 50 jumped 4% during the same period. Is the buoyancy likely to sustain? 5 stocks that pushed Nifty to 10,000 mark in 2017 ET Wealth looked at where Nifty would be if these five stocks were not included in its computation. Together, they have added 863 points to the Nifty this year. 5 tips for last-minute travel deals If you've been too busy to book a holiday for the long weekend in August, here are some ways that can help you secure a good deal now. 7 smartphones to look forward to this August The Indian smartphone market is expected to witness multiple smartphone launches in August. ET Wealth profiles some of the most interesting ones out of the crowd.

Financial Calculators Tax Impact Calculator This tax calculator will help you estimate your tax liability. Just input your personal income details and know how much you would be liable to pay. Home Loan Refinance Should you refinance your home loan? Use this calculator to find out if it is worthwhile to shift your home loan to another bank? Just enter the data and click next. It's that easy. More Calculators

5 smart things to know about modes of filing income tax returns One can take help of the IT department appointed tax return preparers to prepare and file income tax if one finds it difficult to do so. How to schedule future transactions in mutual funds Instead of carrying out the transaction on the date of cash flow or expense, it is now possible to set up the transaction in advance online. Why some wealthy people find it difficult to spend money Wealthy people suffer from insecurity about money but sensible asset allocation and cultivating a giving attitude can help them enjoy their wealth. Here's how your money matters will be impacted if financial year ends on Dec 31, 2017 If the current financial year ends on 31 December, the basic exemption and deduction limits under various sections may be reduced on a pro rata basis. How should one invest in a rising equity market? Market is expected be volatile and if one staggers investments, one may be able to buy at lower levels, a sort of a natural hedge against volatility. Which online money transfer method will suit you? Find out How do you decide which digital payment to opt for? Here's help to find what suits you best. Sovereign gold bonds to be available on tap, rules revised The government has increased the annual investment limit in Sovereign Gold Bonds from 500 g to 4 kg. 83% retail investors invest directly in stocks, only 57% invest in MFs: Survey A survey by Geojit reveals that a larger percentage of millennials, in the age group of 20-30, is willing to take risks to earn higher returns. Family Finance: Nilajkars need to speed up their investments to reach financial goals The Belgaum-based Sunil S. & Kaveri Nilajkar will need to raise the equity exposure in their investments if they want to reach their goals. Stock pick of the week: What makes Mahindra CIE analysts' favourite Focus on growth, improved profitability, diversification of client risk, growth opportunity in India has made Mahindra CIE analysts' favourite. Tax Optimizer: NPS, rejigging salary structure can help Jain cut tax by nearly Rs 1 lakh Jain can reduce the tax outgo by asking his company to offer a few more tax-free allowances, such as LTA and reimbursements of telephone and newspaper bills. What makes Principal Growth Fund a worthy candidate in the flexi-cap mutual fund category The portfolio is heavily diversified as a result of a conscious approach to distribute risk thinly across stocks with lower market-cap. Deliver flats to 1.5 lakh buyers on time or face action, Yogi Adityanath warns Noida builders "My government's experience of the last four months has been that there is a big issue between the builders and buyers in the state," he said. Startup CogniCor is improving customer engagement efficiency via virtual assistants "Our projections indicate that we will clock Rs 7.5 crore by end-2017," Sindhu Joseph, Co-founder and CEO, CogniCor Alternative investment returns monitor: For the week ending July 26, 2017 The scope and attractiveness of alternative investments is increasing. Here's a weekly tracker of returns from such investments.

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News Digest: Govt approves study on why Gangajal doesn't turn bad

		THE TIMES OF INDIA
		Tuesday, August 01, 2017
		Today's Headlines

		India
		Govt approves study on why Gangajal doesn't turn bad Supreme Court to decide fate of commercial cultivation of GM mustard Cloud over Mamata Banerjee's nephew's 'link' with tainted realtor More India News»

		Business
		RBI slaps Rs 1 crore penalty on Union Bank for KYC non-compliance The central bank said it had examined the documents regarding the complaint and notice was issued to the state- owned lender. The bank was asked to show cause "as to why penalty should not be imposed" for non-compliance with directions issued by the RBI. Sensex, Nifty rise sharply, close above psychological marks The 30-share BSE Sensex surged 205.06 points to close at 32,514.94 while the broader 50-share NSE Nifty gained 62.60 points to end at 10,077.10. Thus, both Sensex and Nifty managed to stay above the psychological marks of 32,500 and 10,050 respectively. Infosys stresses upon investing heavily in Europe, hiring locals "We are continuing to invest fairly heavily in Europe in terms of local hiring, in terms of beefing up our hunting and our farming teams for our accounts," Infosys President and Head (Financial Services) Mohit Joshi said on an investor call. More Business News»

		Environment
		Around 750 projects awaiting environmental clearanace Around 750 projects in various states are awaiting environmental clearance, with a maximum of 194 from Maharashtra, Union Environment Minister Harsh Vardhan said on Monday. Centre launches sanitation survey for 2018 Tiger population facing threats from deadly snare traps Tigers in Asian forests face a greater threat from deadly snare traps than guns, wildlife conservation organisations have warned, urging authorities to crack down on the "severe snaring crisis" in forests across the continent. More Environment News»

		World
		6 candidates in race for Pakistan's PM poll Pakistan's opposition parties on Monday failed to agree on a joint candidate against PML-N's Shahid Khaqan Abbasi for the prime minister's election, with six candidates filing their nomination papers for the polls scheduled to be held on Tuesday. Trump seeks order, discipline with new chief of staff Donald Trump installed retired Marine Corps general John Kelly as his new chief of staff on Monday, hoping to bring order and discipline to a White House beset by scandal, infighting, low approval ratings and legislative defeats. IS claims attack on Iraq embassy in Kabul A suicide bomber blew himself up outside the Iraqi embassy in Kabul Monday and militants breached the compound, Afghan officials said, in a complex hours-long attack claimed by the Islamic State group. More World News»

		Entertainment
		SRK: I didn't realise what success meant Jab SRK and Anushka met their Banarasi fans ‘Jab Harry Met Sejal’ stars Shah Rukh Khan, Anushka Sharma and director Imtiaz Ali have been on a promotional spree and all roads lead to Varanasi where they reached out to their banarasi fans. Pics: SRK, Anushka savour 'paan banarasiya' Soon after their return from Abu Dhabi, Shah Rukh Khan and Anushka Sharma along with director Imtiaz Ali headed out to Varanasi for the promotions of their upcoming film ‘Jab Harry Met Sejal.’ And how could they have missed the paan banarasiya while in the holy city of Lord Shiva? More Entertainment News»

		Science
		There could be alien life on Titan: Study The Cornell University research provided the first indisputable evidence of the presence of a molecule - acrylonitrile - on Titan, which researchers theorized could be key to life on the methane-based, oxygen-free moon of Saturn. Isro sows seeds of future interstellar missions Indian Space Research Organisation (Isro) became part of a global project that will help bring star travel closer to reality, when its PSLV C38 rocket launched six prototypes of tiny interstellar spacecraft, or sprites, into low-earth orbit on June 23 this year. Artificial insemination ups chance of successful pregnancy by 22% A study indicated that artificial insemination, also known as intrauterine insemination (IUI), raises a couple's likelihood of have a successful pregnancy from nine to 31 percent, if they have been trying to conceive for three months. More Science News»

		Sports
		Shastri's new training style made an immediate impact on Team India A key implementation on Shastri's part is how the batsmen are now ever ready to bat in the middle. This has nothing to do with batting order, instead a new practice of warming up before going down to the middle. Bolt departure great for rivals, bad for athletics Usain Bolt's rivals will, for once, be glad to see the back of a man who has dominated global sprinting for the last decade but the sport of athletics will be far less enthusiastic about bidding a final farewell to the charismatic Jamaican. It felt like I was playing one-day cricket: Hardik Pandya The sense of occasion gets the better of many when it comes to Test debut but an unfazed Hardik Pandya felt as if he was "playing an ODI" during his whirlwind half-century in his maiden outing. More Sports News»

		Technology
		Samsung offers Independence Day discount on Galaxy S7, S7 Edge smartphones South Korean consumer electronics giant Samsung will be bringing an exciting offer for all the Samsung Galaxy S7 and S7 Edge buyers. As told by some industry insiders, the company is organising an Independence Day offer. Nokia 3 to get Android Nougat 7.1.1 update by August end, confirms company HMD Global has confirmed that it will soon roll out Android Nougat 7.1.1 update for its Nokia 3 smartphone. OnePlus 5 users facing battery issues after emergency call bug fix A few OnePlus 5 users have complained about battery issues after an OTA update. More Technology News»

		Education
		Moderation policy likely to go: CISCE NAAC to release to new accreditation pro forma Institutes applying for the NAAC accreditation will find it easier as there will be different pro forma for universities and government and autonomous colleges. This was revealed by Virander Chauhan, chairman of NAAC executive council and acting UGC chairman, at a function in Chennai on Monday. Soon, a demat account for your education certificates In a revolutionary move that will benefit students, recruiters and educational institutions, an arm of depository services provider National Securities Depository Limited (NSDL) has started the process of dematerialising education certificates. More Education News»

		Mumbai
		Mumbaikar's heart saves Washim man Satish Aakhand had just finished his first year in mechanical engineering at a Nagpur college when the griping stomach aches and breathlessness started. Week after building crash, survivors still have no place to call home A week after a four-storey building in Ghatkopar collapsed last Tuesday, residents of the ill-fated structure who survived the crash said they are still awaiting alternative accommodation promised by the authorities. Mumbai: Aircraft tyre bursts, delays flight ops leared More Mumbai News»

		Delhi
		Will turn DTC into world-class transport body: Arvind Kejriwal Delhi: Court summons cab firms for overcharging Observing that prima facie it appeared that app-based cab service providers Ola and Uber were charging excess fare, a court on Monday summoned the two cab aggregators to appear before it as accused on December 11. In big growth push, Delhi Metro to have 45% more trains from March Starting this October, Delhi Metro Rail Corporation (DMRC) will start commissioning in phases two of its upcoming corridors — Magenta Line (Janakpuri West-Botanical Garden) and Pink Line (Majlis Park-Shiv Vihar). More Delhi News»

		Bangalore
		Vishal Sikka enters 4th year with new challenges Panchapeeta seers try to douse fire over religion tag Bengaluru top cop Sood shifted in 7 months, Suneel is new chief More Bangalore News»

		Hyderabad
		Doctors rattled by spate of attacks, fear for their safety The recent attacks on medical professionals by distressed attendants have left the doctor community rattled. Organ donation up 4-fold in India, but still a long way to go Doctors on Strike, Osmania General Hospital Totters, Patients Gasp Even as Osmania General Hospital (OGH) doctors boycotted electives and outpatient duties and only attended to emergency services, at least two patients had succumbed to their illnesses at the hospital by Monday afternoon. More Hyderabad News»

		Chennai
		TN notifies food security rules, says PDS to stay State To Forego Centre Subsidy For 50% Families HC quashes 85% MBBS quota for TN state board students Govt Mulls Appeal In SC Ex-city chief cop Radhakrishnan hangs up boots More Chennai News»

		Ahmedabad
		Did loose grit play role in Vastrapur deaths? Your pothole is contractors' pot of gold Flood fury causes 70 crore loss to Gujarat's dairy sector The devastating floods that ravaged north Gujarat have resulted in losses of Rs 70 crore to the state's flourishing dairy sector with Banaskantha alone accounting for Rs 44 crore loss. More Ahmedabad News»

		Allahabad
		Babuli Kol seeks Rs 5 lakh ransom from kidnapped gangman's family UP policemen to be taught 'etiquette lessons' Fed up by the complaints of policemen involved in misbehaving with complainants across the state, top state police brass have decided to impart training to policemen of lower ranks for maintaining etiquette. The training aims to improve the working style of policemen at police stations as part of effective policing. School vice principal shot at in Allahabad Two unidentified bike-borne armed assailants shot at a vice principal of a private school near Sanjiwani hospital under Kydganj police station here on Monday morning. More Allahabad News»

		Bhubaneswar
		Flood situation in Jajpur, Kendrapada improving ASI explores Buddhist pillar of pre-Christian era in Odisha Excavation wing of Archaeological Survey of India (ASI)’s Bhubaneswar circle explored a Buddhist pillar and other archaeological remains at Jharhiamba village near Talcher in Angul district. The findings are expected to be dating back to pre-Christian era of 1st and 2nd century BC/AD. CRPF jawan found dead with gunshot wounds in Odisha's Angul More Bhubaneswar News»

		Bhopal
		Uike elected unopposed to RS from state Civic polls: Dissidents making life tough for BJP Kuno sanctuary to be notified national park More Bhopal News»

		Chandigarh
		One-year-old baby sodomised, dies in Mohali A child aged a year and a half died after he was allegedly sodomised on Monday morning at a village in Mohali's Dera Bassi area.The attacker hadn't been identified at the time of going to press. 'Exorbitant land prices discourage small scale industry in Mohali' Newly elected president of Mohali Industry Association Gagan Chhabra has said, small scale industry in Mohali is hoping for a revival of its condition with the introduction Goods and Services Tax (GST) which brings commodities under universal tax slab across the nation. Fridge shock kills electrician in Panchkula A 60-year-old man died from electrocution while repairing a refrigerator at Indira Colony here on Monday morning. More Chandigarh News»

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